🚀 Daily Shiba Inu Close Above This Level Could Lead to $0.000075: Top Analyst 🚀

Pseudonymous market analyst Mehrhpm believes Shiba Inu ($SHIB) could record a massive price surge toward the $0.000075 level if it can close daily above $0.000026.

📊 Since reaching a high of $0.00002633 on June 5, SHIB has faced a decline, partly due to the larger crypto market downturn and reduced accumulation by key holders. Currently, SHIB is below $0.000022, down by more than 17% from its recent high.

Shiba Inu Must Close Above $0.000026

The $0.000026 level is pivotal for recovery. To Mehrhpm, securing a daily close above this could lead to a 3x to 4x price increase, potentially hitting $0.000075 or higher.

Support and Resistance

🛡️ SHIB sits at a major support zone around $0.000021.

📈 Potential targets: $0.00002757, $0.00003184, $0.00003712, and $0.00004567.

Bullish Prospects

📉 RSI is at 39.62, suggesting SHIB is close to undervalued regions and could rebound.

📈 IntoTheBlock data shows more buys than sells, indicating bullish dominance.

Stay tuned for more crypto insights! 👍

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always do your own research before investing.